Monday, September 14, 2009

A Critique of the European Central Bank

Rebecca (NewsNEconomics) argues that the ECB didn’t do enough to support the Eurozone economy. She posts an interesting graph (above). The point is well taken, but disequilibrium, within zone, implicit exchange rates exert an even worse effect on activity.

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About Me

As a professor of economics, my main specialization fields are in the theory and strategy of the firm, and the theory and applications of public choice (political economy).
I also do consulting work in these fields.
For more information on my work go to my homepage: http://jeanjacques.rosa.pagesperso-orange.fr/
and my SSRN author page: http://ssrn.com/author=471576.
My e-mail has changed: jj.rosa@orange.fr